Here’s where to find out the latest business news about plant-based companies, a growing segment of the food market.
Plant-Based Business News
Ripple Foods Secures $60 Million to Expand Pea-Based Product Line
California-based Ripple Foods launched in 2016 to develop pea-based milk and has now secured a $60 million Series E funding round. The company announced that the investment package will be allocated to expand its plant-based milk production, aiming to both increase its commercial outreach and expand its product selection.
The innova...
Perfect Day Teases Animal-Free Cream Cheese as Company Raises $350 Million
Cell-based dairy pioneer Perfect Day just secured $350 million in its Series D funding round, making it the most funded fermentation-based company. The food tech company’s funding now totals $750 million, pushing its innovative dairy-identical products to the forefront of the industry. The compa...
Report: Alternative Protein Will Make Up 64 Percent of Global Protein Market
Together, the plant-based and cultured meat markets have experienced unprecedented growth over recent years as consumers worldwide begin to prioritize sustainable and nutritious foods. A new research report from the investor network FAIRR Initiative has found that the alternative protein market could amount to 64 percent of the global protein market by 2060. The...
Global Vegan Beauty Market Expected to Reach $20 Billion in Next Five Years
Similar to the booming plant-based food market, the vegan beauty industry is also experiencing rapid growth: Consumers worldwide have shifted towards plant-based and cruelty-free products as concerns regarding animal welfare and sustainability have entered the spotlight...
Leonardo DiCaprio Invests in 2 Cell-Based Meat Companies
He may not be vegan or even plant-based but Leonardo DiCaprio is going deep into sustainable food products. The Oscar winner and outspoken environmentalist recently invested in two cell-based meat companies, Aleph Farms and Mosa Meat.
DiCap...
GOOD Meat Raises $97 Million, Now the Highest-Funded Cultured Meat Company
Could the next chicken breast you eat be cruelty-free? GOOD Meat – the cultivated meat brand from sustainable food company Eat Just – is now the largest cultured meat company on the market, securing an additional $97 million in new funding to bring cell-cultured meat into the mainstream.
The most recent fundin...
Prince Khaled Appointed as a Strategic Advisor at Plant-Based Investment Firm
Environmentalist and entrepreneur Prince Khaled bin Alwaleed, part of the Saudi royal family, has joined the plant-based investment company Eat Well Investment Group as its newest strategic advisor. Following years of being plant-based and an outspoken environmental advocate, Prince Khaled’s decision to join the sustainable investment firm is just the latest move in his mission to invest in and h
Cultured Meat Industry Secured Nearly $366 Million of Funding In 2020
Cultured meat has rapidly become the rising star of the sustainable food industry, as several companies worldwide are racing to gain patents and government certifications to allow the proliferation of these lab-produced meat products. Restaurants from S...
This Company Says Its Vegan Chicken Will Convince You To Give Up Meat
A new vegan food tech company based in Portland, Oregon just secured funding to begin distributing its innovative, groundbreaking product to American consumers. CHKN Not Chicken (CNC) just closed a $4.5 million funding round led by Stray Dog Capital that will bring allow widespread distribution of its signature plant-based product...
Quorn Looks to Add Vegan Chicken to More US Restaurant Menus
Meatless protein brand Quorn is hopping across the pond to bring its iconic plant-based product further into the US market. The United Kingdom-based company just announced it will open a culinary development center in Dallas, Texas, to primarily focus on its vegan chicken sector...